Can I retire at age 60 with 468,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$38,647$38,303$37,967$37,639$37,319$36,655
2 years$19,132$18,776$18,431$18,096$17,771$17,105
3 years$12,628$12,270$11,926$11,594$11,275$10,626
4 years$9,377$9,020$8,679$8,353$8,041$7,416
5 years$7,426$7,072$6,735$6,416$6,113$5,512
6 years$6,127$5,775$5,443$5,131$4,837$4,262
7 years$5,198$4,849$4,523$4,218$3,934$3,385
8 years$4,503$4,157$3,836$3,539$3,263$2,740
9 years$3,962$3,619$3,304$3,014$2,748$2,250
10 years$3,529$3,190$2,880$2,598$2,342$1,868
11 years$3,176$2,840$2,536$2,261$2,014$1,565
12 years$2,882$2,549$2,251$1,983$1,745$1,320
13 years$2,633$2,304$2,011$1,751$1,522$1,119
14 years$2,419$2,094$1,807$1,554$1,334$954
15 years$2,235$1,913$1,631$1,386$1,175$816
16 years$2,073$1,755$1,479$1,241$1,038$700
17 years$1,931$1,616$1,346$1,115$920$602
18 years$1,805$1,494$1,228$1,005$818$520
19 years$1,692$1,384$1,125$908$729$449
20 years$1,591$1,286$1,032$822$652$389
21 years$1,499$1,198$949$746$583$337
22 years$1,416$1,118$875$679$523$292
23 years$1,340$1,046$808$618$469$254
24 years$1,270$980$747$564$422$221
25 years$1,207$920$692$515$379$192
26 years$1,148$864$642$471$342$167
27 years$1,093$813$596$431$308$146
28 years$1,043$767$554$395$278$127
29 years$996$723$516$362$251$111
30 years$953$683$480$332$227$97
31 years$912$646$448$305$205$85
32 years$874$611$418$280$186$74
33 years$838$579$390$258$168$64
34 years$805$548$364$237$152$56
35 years$773$520$341$218$138$49
36 years$743$494$319$201$125$43
37 years$715$469$298$185$113$38
38 years$689$446$279$171$103$33
39 years$664$424$262$158$93$29
40 years$640$403$245$145$84$25
41 years$617$384$230$134$76$22
42 years$596$365$216$124$69$19
43 years$575$348$202$114$63$17
44 years$556$332$190$105$57$15
45 years$538$316$178$97$52$13
46 years$520$302$168$90$47$11
47 years$503$288$157$83$43$10
48 years$487$275$148$77$39$9
49 years$472$263$139$71$35$8
50 years$457$251$131$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $468,000, adding $4,344 every year, while hoping to spend $28,514 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/6/20 Blend
59$468,000$468,000$468,000$468,000
60$520,217$495,413$488,159$555,929
61$542,940$489,349$474,173$574,151
62$567,026$482,033$458,764$590,228
63$592,582$473,373$441,852$607,112
64$619,729$463,271$423,358$624,877
65$648,595$451,625$403,194$643,606
66$679,324$438,327$381,274$663,389
67$712,072$423,262$357,503$684,327
68$747,008$406,307$331,784$706,532
69$784,321$387,334$304,017$730,127
70$824,215$366,206$274,094$755,249
71$866,914$342,780$241,906$782,049
72$912,666$316,903$207,337$810,696
73$961,741$288,413$170,265$841,373
74$1,014,434$257,141$130,564$874,287
75$1,071,072$222,907$88,104$909,665
76$1,132,011$185,519$42,745$947,757
77$1,197,645$144,778$0$988,840
78$1,268,403$100,471$0$1,034,432
79$1,344,760$52,374$0$1,093,475
80$1,427,235$250$0$1,157,248
81$1,516,400$0$0$1,226,201
82$1,612,882$0$0$1,304,536
83$1,717,373$0$0$1,389,408
84$1,830,631$0$0$1,481,418
85$1,953,491$0$0$1,581,248
86$2,086,871$0$0$1,689,646
87$2,231,781$0$0$1,807,434
88$2,389,331$0$0$1,935,518
89$2,560,743$0$0$2,074,894
90$2,747,362$0$0$2,226,658
91$2,950,666$0$0$2,392,015
92$3,172,285$0$0$2,572,294
93$3,414,010$0$0$2,768,954
94$3,677,812$0$0$2,983,603
95$3,965,862$0$0$3,218,012
96$4,280,550$0$0$3,474,128
97$4,624,507$0$0$3,754,095
98$5,000,629$0$0$4,060,277
99$5,412,104$0$0$4,395,271
100$5,862,444$0$0$4,761,941